Balázs Orbán told public radio ahead of Wednesday’s presidential visit that it would also help Hungary become a key state in the region.

In the interview broadcast late on Tuesday he noted that the last time a Chinese president visited Hungary was 20 years ago, and since that time China had become a superpower and one of the strongest economic powers holding a leading position in various technological sectors.

Hungary’s aim is to increase the presence of developed, high value-added technologies in the Hungarian economy, such as IT, telecommunications, electromobility, e-vehicle manufacturing and fast railways, Orbán said. He said the aim was to create a hub for Eastern and Western technologies, as this would generate jobs, wages and economic growth.

 The Hungarian economy, being an export-oriented economy, also aims to find an increasingly comprehensive market for Hungarian products in China, he added. Orbán said it was hoped that Hungary would become a hub for e-vehicle manufacturing in Europe.

Commenting on the Russia-Ukraine war, he said the Hungarian government’s position remained that immediate ceasefire and peace talks were needed. Statements by the French president indicated an increasing danger of a direct military conflict between Russia and NATO, he said.

At the same time, the majority of countries beyond the Western world were making similar statements to Hungary concerning the need for peace, he added.

Orbán said that Hungary’s primary interest was that battlefield activities should cease immediately and talks should be held on the peace process with the involvement of China.

China's Nio to Sign Letter of Intent for Cooperation With Széchenyi Istvan University

The European subsidiary of China’s premium electric vehicle maker Nio and the HUMDA Hungarian Mobility Development Agency of the Széchenyi István University group have agreed at a meeting held in the national economy ministry to sign a letter of intent on cooperation, the ministry said on Wednesday.

Márton Nagy, the national economy minister, said at the meeting that green energy was the future of the Hungarian economy in households, transport and industry.

Hungary’s Competitiveness Strategy published in April 2024 highlights innovative solutions in the vehicle industry and the potential for growth this offered, and the strategic consultations with Nio are a further step in this building process, he added. Nio places great emphasis on forward-looking research and development, including such basic technologies as a unique battery replacement project, he said.

The aim of the strategic cooperation is to develop a stable and long-term strategic partnership which can help speed up the green transition in the Hungarian vehicle and energy industries by way of cooperation in innovation and education, he added.

László Palkovics, the chairman of the board at the Széchenyi István University Foundation, said that the university, HUMDA and Nio would each contribute their strengths to form a strategic partnership in innovation.

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